Senior Principal Risk Modeling & Strategy Analyst

Xcel Energy; Denver (CO); Hybrid; USD 98,000 - 139,000; Full time

Benefits offered by this job

Annual Incentive Program

Medical/Pharmacy Plan

Dental

Vision

Life Insurance

401(k) plan

PTO

Holidays

Job summary

Xcel Energy in Denver seeks a Senior Risk Modeling professional to develop enterprise-wide risk models and quantify uncertainties across operations and planning.

You will collaborate with stakeholders to define scope, run probabilistic analyses, and deliver actionable recommendations that shape risk management and strategic decisions. The role requires deep expertise in statistics, econometrics, and programming for large data sets.

Qualifications

• Bachelor's degree required in computer science, statistics, finance, mathematics, energy economics, or equivalent; advanced degree desired.
• At least 7 years of work experience in risk modeling or a related field.
• Knowledge of utility business operations, maintenance, engineering, and systems.
• Ability to develop and analyze predictive models, forecasts, and simulations.
• Advanced knowledge of statistics, econometrics, and risk modeling; strong analytical and financial analysis skills.
• Proficiency in programming and statistical software; experience with large data repository systems, data pipelines, and analytics.
• Advanced use of AI tools and techniques, including generative AI, to accelerate data collection, analysis, modeling, and reporting.

Responsibilities

• Develops models and metrics to quantify risk based on economic, probability, and engineering principles.
• Evaluates strategic options for managing risk and uncertainty.
• Develops methodologies for incorporating risk metrics to support decisions.
• Designs and performs quantitative studies of business assumptions using data and analyses.
• Uses trends to extrapolate historical data to future uncertainty and risk.
• Coordinates data requirements for enterprise risk benchmarking and management.
• Communicates risk management processes, results, and recommendations to support decision-making.

Skills

Risk modeling

Quantitative analysis

Econometrics

Statistical modeling

Decision analytics

Education

Bachelor's degree in computer science, statistics, finance, mathematics, energy economics, or equivalent

Advanced degree preferred

Tools

Statistical software

Data platforms / big data repositories

Job description

Xcel Energy in Denver seeks a Senior Risk Modeling professional to develop enterprise-wide risk models and quantify uncertainties across operations and planning.

You will collaborate with stakeholders to define scope, run probabilistic analyses, and deliver actionable recommendations that shape risk management and strategic decisions. The role requires deep expertise in statistics, econometrics, and programming for large data sets.